Coinbase
Gemini Escalates Dispute with DCG's Genesis; Coinbase Shares Jump Following Layoff Announcement
Crypto exchange Gemini is ramping up its dispute with Digital Currency Group's (DCG) Genesis Global Trading – its partner on a crypto lending product pitched to smaller investors – by terminating a key aspect of their relationship. CoinDesk and Genesis are both owned by parent company DCG. Plus, Coinbase (COIN) shares are on the rise after the crypto exchange announced plans to layoff roughly 20% of its workforce.
Analysts ‘Encouraged’ by Coinbase Layoffs, Showing Company Is Being Financially Disciplined
The crypto exchange’s dwindling group of sell-side bulls said Tuesday’s announced staffing cuts are a necessary step.
Coinbase to Cut Around 20% of Workforce as Crypto Winter Lingers
Crypto exchange Coinbase (COIN) said it is planning to reduce its headcount by around 950 employees as part of a restructuring that it expects to be complete by the end of the second quarter. "First Mover" hosts weigh in on the latest string of layoffs amid crypto winter.
First Mover Americas: Another FTX Insider Is Talking, Bloomberg Says
The latest price moves in crypto markets in context for Jan. 10, 2023.
Coinbase Cuts Around 20% of Workforce as Crypto Winter Rages
The exchange expects the restructuring to cost $149 million to $163 million.
Bitcoin's Modest Rally Sends Crypto-Related Stocks Sharply Higher
The crypto mining sector is posting the largest gains in Monday trading.
Jefferies Initiates Coverage of Crypto Exchange Coinbase With ‘Hold’ Rating on Near-Term Concerns
The exchange has staying power due to its healthy balance sheet, a proactive approach to regulatory compliance, sensible risk management and legitimacy as a public company, the report said.
'Binance Effect' Means 41% Price Spike for Newly Listed Tokens
A study by Ren & Heinrich suggests that Binance's emergence as the dominant global crypto exchange might mean that its individual token listings are now getting a lot more attention – at least among speculators.
Cathie Wood's ARK Invest Buys Almost $6M of COIN, Sells Silvergate Stock
The firm sold about $5 million of Silvergate Capital shares.
MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes
Both companies were sizable borrowers from the lender, though Marathon late last year moved to pay down some of its debt.
